Further Uranium Acquisition

Vane Minerals PLC
19 February 2007

19th February 2007



                          VANE Minerals Plc (AIM: VML)



     Acquisition of the North Alice Extension Project, Lisbon Valley, Utah



VANE Minerals Plc is pleased to announce that its wholly-owned uranium
subsidiary, VANE Minerals (US) LLC ('VANE (US)' or 'the Company'), has signed a
5 year renewable lease agreement on 18 lode claims (approximately 350 acres) in
the Lisbon Valley Uranium District of south-eastern Utah.   The claims, which
make up the North Alice Extension Project, are located on and adjacent to the
North Alice Mine, formerly held and operated by Homestake Mining Company 
('Homestake'), which produced about 2.5 million pounds of uranium oxide ('U3O8')
before closing in the early 1980's due to the falling price of uranium.

The south-eastern part of the claim group covers the northwest portion of the
North Alice Mine workings (including a sealed vent shaft) where the limited data
available at this stage indicates that resources appear to be in place.  In
addition, the property covers an area which has had substantial drilling,
including delineation drilling, completed by Homestake during the early 1980's.

The Lisbon Valley has historically produced in excess of 78 million pounds U3O8
and includes the Rio Algom Lisbon Mine/Mill complex which is located one mile to
the northeast of the North Alice Extension Project on the down-thrown side of
the Lisbon Fault.  The Lisbon Mine itself produced in excess of 18 million
pounds of U3O8 until being mined out and currently is in reclamation.

Mineralisation in the North Alice Extension Project occurs in stratabound units
on the up-thrown side of the Lisbon Fault at depths of 700-800 feet. The Company
is presently attempting to acquire additional data on the areas of
mineralisation that were drilled late in the exploration history of Lisbon
Valley, circa early 1980's.  At the same time, the Company is drafting a Notice
of Intent to Drill to submit to the Bureau of Land Management to initially drill
25 confirmation holes.  Drilling is expected to start in the second quarter of
2007 depending on approval. A drilling contractor has already been identified
for this drilling campaign.

Matthew Idiens, Director of Corporate Developments commented, 'The Company's
geologists believe the North Alice Extension Project has substantial resources
and excellent exploration potential. This acquisition further strengthens our
uranium portfolio and we are encouraged by the historical uranium production of
the Lisbon Valley area which provides evidence that this region is highly
mineralised. An aggressive drilling programme will commence as quickly as
possible as we aim to increase our uranium resources.'

Minas Charay

As reported in our interim results, a 26-hole drilling programme carried out at
Minas Charay did not confirm the large low-grade target and was only successful
in delineating a narrow high-grade precious metal vein system. Accordingly, this
project was assigned lower priority with all financial obligations being
terminated pending renegotiation with the local owner of the mineral rights to
this property.

The Board has decided not to proceed with the renegotiation as it was unable to
agree satisfactory terms and it wishes to concentrate its efforts on
exploitation of, and additions to, its uranium portfolio and the operation of
the successful Diablito mine. As previously noted, the Board feels that the Mina
Charay project's unfavourable results will not have a material effect on the
company.

Kristopher K. Hefton, Chief Operating Officer VANE Minerals (US) LLC, BSc
Geology, who meets the criteria of a qualified person under the AIM rule
guidance for mining, oil and gas companies, has reviewed and approved the
technical information contained within this announcement.

All historical data has been sourced from publicly available 43-101 reports

Enquiries:

VANE Minerals Plc                                       Ambrian Partners Limited
Matthew Idiens                                          Richard Brown
[phone]                                    [phone]



Parkgreen Communications                                Daniel Stewart & Co
Cathy Malins/Annabel Leather                            Katie Shelton
[phone]                                    [phone]





About VANE Minerals:



Since December 2004, VANE Minerals has built a substantial uranium portfolio of
properties in the US, initially targeting the Northern Arizona Breccia Pipe
District which holds the highest grade deposits in the US.



The Company is using the silver/gold production at the Diablito mine in Mexico
to help fund exploration work across its attractive portfolio of uranium as well
as base and precious metal prospects.



VANE was founded by the former international exploration team of
Freeport-McMoRan Copper & Gold Inc., one of the world's largest producers of
copper and gold. The Company has assembled a highly qualified and experienced
management team with a proven track record in exploration and development, who
have spent their entire careers searching for and defining large scale mineral
deposits.





For further information, please review: www.vaneminerals.com.






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